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PayPal just turned PYUSD into a foundation for custom stablecoins.

PayPal’s PYUSDx lets businesses create their own stablecoins backed by PYUSD, with M0 and MoonPay providing the underlying infrastructure.

Businesses can launch application specific stablecoins without building the entire infrastructure themselves.

Pump.fun just opened up a new way to launch tokens.

Custom Pairs lets creators’ pair new tokens with tokenized stocks, major cryptocurrencies and metals on Solana.

Creators can now choose their quote asset at launch and set either a Creator Fee or Cashback. Creator Fees can range from 0.05% to 1% and be split across up to 10 addresses.

Banca d’Italia orders crypto firms to screen all transfers for sanctions exposure.

The requirement applies to crypto-asset service providers with no minimum transaction threshold, meaning even low-value transfers must be screened.

U.S. Bank has completed a live cross-border payment using USBDC, its proprietary U.S. dollar-backed stablecoin, on the public Stellar blockchain.

The pilot tested the full stablecoin lifecycle, including minting, payments, redemption, freezing and clawbacks, while remaining integrated with the bank’s existing finance, risk and compliance infrastructure.

Gemini has secured a Major Payment Institution license from Singapore’s MAS, upgrading its previous in-principle approval.

The license allows Gemini Digital Payments Singapore to provide regulated digital payment token and cross-border money transfer services.

Germany plans to impose a 25% tax on crypto gains from 2027.

The proposed reform would end the current 1-year tax exemption for newly acquired crypto.

The 25% rate would apply to Bitcoin, Ether and other crypto-assets.

The proposal is not yet law and would apply to crypto acquired from 2027.

22-year-old Malone Lam pleads guilty to helping steal $245 million in Bitcoin.

In August 2024, Lam and his associates targeted a wealthy Washington, D.C. crypto investor.

They posed as Google and Gemini representatives, convincing the victim to give them access to his Google Drive and security codes.

The group then siphoned off 4,100 $BTC , worth more than $245M at the time.

The stolen funds were used to buy:
• 30+ luxury cars
• Private jets
• Mansions
• A $2M watch
• Lavish nights out

Lam reportedly spent $569,000 in one night at a Los Angeles nightclub.

Citi is bringing instant cross border payments to Japanese companies.

The service uses blockchain based tokenized deposits to enable foreign currency transfers around the clock.

The service is part of Citi’s broader push toward 24/7 near real time settlement using tokenized financial infrastructure.

Brazil’s biggest banks are getting deeper into crypto without holding crypto.

Itaú, Nubank and Banco do Brasil are giving customers access to digital assets while keeping them off their own balance sheets.

The banks are acting as intermediaries and custodians, giving customers exposure to crypto without taking on the market volatility of holding digital assets themselves.

Ethereum is giving itself until 2029 to become quantum resistant.

The Ethereum Foundation wants the network’s core layers ready before quantum computers can threaten its cryptography.

The deadline is tied to the industry’s projected “Q day,” when quantum computers could become powerful enough to break the cryptography securing today’s blockchains.

Circle is making a $400 million bet on stablecoin payments.

The USDC issuer has acquired Tazapay to expand its cross border payments infrastructure.

The acquisition would give Circle access to Tazapay’s growing payments network across APAC and South Asia, subject to regulatory approvals and other closing conditions.

UBS and 8 Swiss firms are testing a Swiss franc stablecoin.

The firms are testing CHFD, designed to maintain a 1:1 peg with CHF.

Use cases include tokenized asset settlement, automated transactions and programmable payments.

Indian users are increasingly using overseas crypto platforms to convert stablecoins and other digital assets into vouchers for everyday purchases, from groceries and fuel to gold.

The trend highlights how crypto is finding real-world payment use despite India’s restrictions on direct crypto payments.

Visa isn’t just adding stablecoins to its payments network. It’s building infrastructure around them.

The company now has 160+ stablecoin-linked card programs globally, with payment volume up nearly 200% YoY.

Stablecoin settlement has surpassed a $20B annualized run rate, up more than 15x in a year.

And Visa is going further:

• Credit Coop has financed $2.5B+ in settlement volume since 2023
• 3,000+ onchain borrow events
• 9,000+ repayments
• Zero defaults across participating facilities
• Rain now supports payouts across 80+ countries and 50 currencies from stablecoins

Visa is effectively connecting stablecoins, cards, settlement and onchain credit into one payment ecosystem.

That’s a much bigger story than crypto cards.

DBS and Citi just made cross-border USD payments work over the weekend. Their first Singapore–US transaction using tokenized deposits took minutes to settle through Swift’s Digital Ledger.

24/7 settlement could give businesses faster access to cash and more certainty when paying suppliers, serving customers and managing corporate treasury operations.

Ghana is getting ready to license crypto businesses.

The Bank of Ghana is preparing new guidelines that will create a framework for eligible virtual asset service providers to operate under regulatory approval.

The new guidelines will bring crypto businesses under a clearer licensing framework as Ghana formalizes its approach to the growing virtual asset sector.

The Bangko Sentral ng Pilipinas is proposing a 12-month freeze on new payment-system operator registrations as it reviews its licensing framework.

The draft also introduces tighter controls for payment arrangements involving regulated virtual asset service providers.

Ethereum developers have scheduled EIP-8141 for the planned 2027 Hegotá upgrade, potentially allowing users to pay gas fees with stablecoins instead of holding $ETH .

The proposal remains a draft, but it could significantly simplify the user experience for Ethereum transactions.

Hunter Biden, son of former U.S. President Joe Biden, is launching a memecoin named after his infamous laptop.

• 20% to airdrops, including wallets that lost money on $TRUMP
• 30% to founders
• Up to 30% can be burned based on 30 preset events

$LAPTOP launches September 9 on Base with a 1B supply.

Burn triggers include Bitcoin hitting a new ATH or a Democrat winning the 2028 election. Tokens tied to unmet conditions will be donated to charity.

Nike is getting booted from the S&P 100.

The sportswear giant has fallen to a 12-year stock price low after years of weak growth, shrinking margins and challenges in Greater China.

S&P Dow Jones Indices announced the removal on September 4 as part of its quarterly rebalance, replacing Nike with other companies in the index.